Predictive Soil Health Economic Calculator, Wed, 9/10, 3 pm EDT
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Next Wednesday, the USDA Economists Group will host a seminar presented by the American Farmland Trust on its Predictive Soil Health Economic Calculator. The presentation is open to all.
Peyton Ferrier
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Title: The Predictive Soil Health Economic Calculator: A decision support tool to assist farmers in predicting their costs and benefits from adopting soil health practices
Time: Wednesday, Sept 10th, 3 pm Eastern
Speakers: Michelle Perez (Water Initiative Director), Ben Wiercinski (Senior Agricultural Economist), Meng Li (Senior Soil Scientist), & Chellie Maples (Agricultural Economist)
Summary: American Farmland Trust (AFT), in partnership with USDA Natural Resources Conservation Service (NRCS), has developed a Predictive Soil Health Economic Calculator (P-SHEC) Tool to use with row crop farmers interested in adopting soil health practices. P-SHEC is a user-friendly online tool that estimates the potential long-term costs and benefits of adopting certain soil health practices, aiming to provide users with better-informed decision-making support. Using a combination of crop yield, soil, and weather data, we created a machine-learning model to predict, at the county level, for certain states, the estimated change in yield from ten years of soil health practice adoption. These predicted results are then combined with the recurring costs of adopting soil health practices, such as changes in machinery and input expenses, to generate a 10-year estimate of net income changes at the county level.
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